As the tax season approaches, it’s important for individuals and businesses alike to stay informed about the distribution deadlines for various tax forms. While many
In philanthropy and financial planning, the concept of charitable gift annuities (CGA) has garnered increasing attention. As a trusted resource in wealth management and estate
The landscape of federal estate and gift taxes is set for a significant update in 2024. These changes, primarily driven by inflation adjustments, are crucial
The world of estate planning is witnessing significant changes as the federal estate tax exemption amount rises in 2024. This increase, driven by annual inflation
Health Savings Accounts (HSAs) have emerged as a potent tool in the evolving healthcare landscape and financial planning, especially for the young and healthy demographic.
At Legacy, we’re dedicated to providing our readers with insightful analysis of significant financial and legal developments. The State of Washington‘s recent legislative changes in
In the labyrinthine world of taxation, founders and investors of start-up companies often look for mechanisms that can offer substantial tax relief. One such mechanism
The Tax Cuts and Jobs Act (TCJA) of 2017 represented a pivotal moment in U.S. fiscal policy, primarily aimed at overhauling the corporate tax system.
Cryptocurrency has emerged as a notable player in the investment world, offering unique opportunities for investors. However, its novelty also brings unfamiliar tax obligations. The
Legacy Private Trust Company presents an overview of the Internal Revenue Service’s recently announced inflation adjustments. These adjustments, detailed in Revenue Procedure 2023-34, are crucial
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